7th July, 10:30 - 12:30 BST - Natural History Museum (NHM) Lecture Theatre
Convenors
World Resources Institute (WRI)

7. The Economics of NbS: moving from evidence to decision making in policy, finance and infrastructure investments

Key barriers to effectively implementing, scaling up, and mainstreaming Nature-based Solutions (NbS) include a lack of knowledge of decision-makers of the true value of ecosystems, how these benefits are distributed, and/or their ability to be included in specific financial streams.  In this session, we will present some of the latest evidence on the extent to which NbS can deliver economic development through enhanced water security, food security, and climate adaptation, and provide expert insights into what works and what doesn’t for moving from economic evidence to action with public and private stakeholders. This session will begin with an overview of the key societal challenges that NbS economic valuation can address, and the key challenges and opportunities that economists face in motivating stakeholders to action for the decade ahead. Through three case studies from around the globe, we will then explore economic valuation and biophysical modeling approaches, equity and inclusivity considerations, and best practices and opportunities for scaling NbS interventions through partnerships, communications, financing, and policy solutions.

Speakers

  • Erin Gray's photo
    Convenor & Chair

    Erin Gray

    Senior Economist at the World Resources Institute (WRI) Economics Center

    Erin is a Senior Economist for WRI’s Economics Center. She has over 10 years’ experience in Environmental Economics, with expertise in ecosystem service and natural infrastructure valuation; cost-benefit, cost-effectiveness, and multi-criteria analysis; climate change adaptation monitoring and evaluation; landscape approaches for restoration; and ecosystem service markets and conservation finance. Before joining WRI, Erin worked as a consultant for ICF International’s Climate Change and Sustainability team.

  • Edward B. Barbier's photo
    Speaker

    Edward B. Barbier

    Professor in the Department of Economics, Colorado State University
    Economic Valuation of Nature-Based Solutions for Improved Policies and Investments

    Edward B. Barbier is a University Distinguished Professor in the Department of Economics, Colorado State University. He is an environmental and resource economist and a highly cited scholar on global environmental and sustainability issues. His latest book is Economics for a Fragile Planet, Cambridge University Press.

  • Louise Stafford's photo
    Speaker

    Louise Stafford

    Director Source Water Protection South Africa, The Nature Conservancy
    The Economics of NbS: The Greater Cape Town Water Fund, A Case Study

    Louise joined The Nature Conservancy (TNC) in January 2017. Her role includes the development of partnerships, provision of strategic leadership and support for TNC’s Programs across South Africa. She led the development and establishment of the Greater Cape Town Water Fund, a first for South Africa and the second water fund in Africa. Louise has over 20 years’ experience in working with diverse stakeholders to implement large scale invasive species control operations. Her areas of expertise include watershed management, invasive species management, strategic planning, and monitoring & evaluation.

  • Madhu Verma's photo
    Speaker

    Madhu Verma

    Chief Economist, World Resources Institute, (WRI) India
    Improving Agroecological Systems Health Through Nature Based Solutions (NBS) for Enhancing Farmers Wellbeing

    Dr. Madhu Verma is an Environment & Developmental Economist and specializes in Ecosystem Services Valuation, Mapping and Modelling of Ecosystem Services, Environmental and Development Statistics, Statistical Modelling, Green Accounting of Forest, Oceans, Fisheries, Water Resources; Environmental & Conservation Finance, Nature Based Solutions, Payment for Ecosystem Services /Incentive Based Mechanisms. She mainly oies action and policy research. She provides the thread of Economics across various thematic areas of WRI. WRI in December 2019, she worked as Professor of Environment and Developmental Economics at the Indian Institute of Forest Management (IIFM), a Ministry of Environment, Forest & Climate Change (MoEFCC), Govt. of India for 25 years.

  • Florencia Zapata's photo
    Speaker

    Florencia Zapata

    Director of the Mountain Institute, Peru
    Economic recovery potential of Nature-based Solutions: Findings from Peru

    Florencia Zapata works at Nature-based Solutions Peru and the Instituto de Montaña in Peru on nature-based solutions in the Andes. She is an anthropologist and naturalist, specializing in sustainable management of mountain ecosystems, participatory action-research methodologies and social memory. Her recent work topics include: nature-based solutions with an emphasis on ecosystem-based adaptation, sustainable and participative management of mountain ecosystems and ancestral technologies for water management in the Andes. Zapata is a member of the Latin American Studies Association (LASA) and the Permanent Seminar on Agrarian Research (SEPIA).

  • Yadira Mori Clement's photo
    Speaker

    Yadira Mori Clement

    Project Coordinator and Researcher at the Mountain Institute (Instituto de Montaña), NbS Peru
    Economic recovery potential of Nature-based Solutions: Findings from Peru

    PhD in Economic (University of Graz, Austria) and Master in Agricultural Sciences and in Resource Economics (University of Bonn, Germany), with experience in quantitative methods and strong research focus on applied microeconomics with emphasis on agricultural, environmental and climate economics, particularly in the design and evaluation of policy interventions. Currently, she works as Project Coordinator and Researcher at the Instituto de Montaña and teaches in the Department of Economics of the Pontificia Universidad Católica del Perú (PUCP).